Wpx Energy, Inc. (WPX) Files Form 4 Insider Buying : Richard E Muncrief Buys 20,400 Shares

Wpx Energy, Inc. (WPX): Richard E Muncrief , CEO of Wpx Energy, Inc. purchased 20,400 shares on Jun 6, 2016. The Insider buying transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.80 per share for a total value of $199,920.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, William G Lowrie (director) purchased 10,000 shares at $9.80 per share price.On Oct 5, 2015, Bryan K Guderian (Senior Vice President) purchased 5,000 shares at $10.10 per share price.Also, On Aug 26, 2015, Dennis C Cameron (SVP and General Counsel) purchased 1,800 shares at $5.50 per share price.On Aug 26, 2015, Clay M Gaspar (Senior Vice President) purchased 35,000 shares at $5.51 per share price.

WPX Energy Inc: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in WPX Energy Inc which led to swings in the share price. The shares opened for trading at $11.15 and hit $11.18 on the upside , eventually ending the session at $10.96, with a gain of 0.18% or 0.02 points. The heightened volatility saw the trading volume jump to 1,66,67,834 shares. The 52-week high of the share price is $13.73 and the company has a market cap of $3,032 M . The 52-week low of the share price is at $2.53.

WPX Energy Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.WPX Energy Inc is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 12 from a previous price target of $13 . The Rating was issued on Jun 7, 2016.WPX Energy Inc is Upgraded by Seaport Global Securities to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Jun 7, 2016.WPX Energy Inc is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $8.75 .The Rating was issued on May 9, 2016.WPX Energy Inc is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $8.75 .The Rating was issued on May 6, 2016.WPX Energy Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 13 from a previous price target of $11 .The Rating was issued on May 6, 2016.

WPX Energy Inc. is an independent natural gas and oil exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. Its areas of operations are the Piceance Basin in the Rocky Mountain region the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States. It holds over 196149 net acres in the Piceance Basin which is located in northwestern Colorado. It operates around 177 wells in the Williston Basin and also owns interest in 19 wells that are operated by others. It holds 85483 net acres in the Williston Basin. It holds approximately 134000 net acres in the San Juan Basin. It operates approximately 945 wells in the San Juan Basin and also owns interest in 2319 wells that are operated by other operators in New Mexico and Colorado. It is also focused on the Delaware Basin which covers an area of 92000 net acres and includes the Wolfcamp Bone Spring Avalon and Delaware Sands intervals.

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